Take-Two has released it’s quarterly financial results and there are some surprising statistics inside.
First off Take-Two generated $1.5 billion in revenue in the last financial quarter which resulted in a net revenue of $97.1 million and that is where I got lost. I know the difference between revenue and profit but I get lost when looking at revenue and net revenue… especially when they are so far apart?
Anyway back to the results… They unfortunately made a net loss over the quarter but at least it was only $15 million. Which is much better than last years $138 million.
The leading platform for Take-Two was the PS3 which generated 35% of it’s sales, followed by the 360 with 28% and the Wii with a low 11%
So expect to see some great PS3 games, good 360 games and shoddy Wii ports in the new year.
Source: Kotaku.com
Last Updated: December 19, 2008
easy
December 19, 2008 at 08:16
gross is the total income generated, net is the total income after over heads and expenditures… that’s the way i understand it to be.
LazySAGamer
December 19, 2008 at 08:56
yeah but then wouldn’t that be profit?
gross – expenses = profit
easy
December 19, 2008 at 09:08
umm… profit is also split up into gross and net which is due to pre and post tax figures.
so i would assume net revenue is the figure which is liable for taxation. again i might be very wrong, my accounting skills are somewhat suspect 😉
ewie
December 19, 2008 at 10:01
Please note – This is just results for the last quarter ending septemer,
if you read the rest of the entry you will see that xbox still lead overall for the year.
Nduimiso
December 19, 2008 at 12:51
from what i remember from accounting, gross profit is sales less cost of sales like inventory etc. Net profit includes other income from investments etc and expenses like wages and admin.